The ASIC Podcast
Episode 60: Holes in the safety net: A review of TPD insurance claims

Episode 60: Holes in the safety net: A review of TPD insurance claims

November 13, 2019

In this episode we discuss the findings and recommendations from ASIC’s thematic review of total and permanent disability (TPD) insurance in Australia including what ASIC expects insurers and superannuation trustees to do to address the poor consumer outcomes. We are joined by the Senior Executive Leader of ASIC's Insurers team, Emma Curtis, and the Senior Executive Leader of the Superannuation team, Jane Eccleston. 

For more information about the review, download ASIC Report 633 Holes in the safety net: a review of TPD insurance claims and read ASIC media release 19-281MR ASIC calls on insurers and trustees to take action to improve consumer outcomes from total and permanent disability insurance.

Episode 59: Ben Jayaweera found guilty after three-week trial, sentenced to 12 years

Episode 59: Ben Jayaweera found guilty after three-week trial, sentenced to 12 years

October 18, 2019

Mr Jayaweera’s former clients were at or near retirement age. He invested their superannuation money into a scheme, an abalone farm, without their knowledge. The abalone farm was then wound up by receivers and liquidators, with no available returns for investors.

Listen to ASIC’s Marita Hogan detail the case against Mr Ben Jayaweera, where he was found guilty after a three-week trial in the Brisbane District Court.

Episode 58: Oversight of non-financial risk

Episode 58: Oversight of non-financial risk

October 1, 2019

In this episode, we discuss the first report from ASIC’s Corporate Governance Taskforce: Director and officer oversight on non-financial risk. We are joined by Suneeta Sidhu, the team leader of the Taskforce.

Episode 57: Are car insurance investigations treating consumers fairly?

Episode 57: Are car insurance investigations treating consumers fairly?

September 9, 2019

In this episode, we discuss ASIC's review of how car insurance claims are investigated where fraud is suspected. We are joined by the Senior Executive Leader of ASIC's Insurers team, Emma Curtis, and the Director of Casework at the Financial Rights Legal Centre, Alexandra Kelly.

For more information about the review, download ASIC Report 621Roadblocks and roundabouts: A review of car insurance claim investigations and read ASIC media release 19-172MRASIC’s review finds car insurance investigations treat consumers unfairly.

Episode 56: ASIC’s case against former director Bradley Silver

Episode 56: ASIC’s case against former director Bradley Silver

September 6, 2019

In this episode, we discuss ASIC’s case against Bradley Silver, a former director of a property development company who defrauded his clients of $4.7 million.

Read ASIC media release 19-243MR - Gold Coast director and property developer sentenced to eight years' imprisonment - for more information.

Episode 55: ASIC enforcement outcomes, January to June 2019

Episode 55: ASIC enforcement outcomes, January to June 2019

August 18, 2019

18 August 2019

In this episode with ASIC Deputy Chair Daniel Crennan QC, we explore ASIC’s Enforcement Update (January to June 2019), ASIC’s Office of Enforcement and work to strengthen ASIC’s enforcement effectiveness by accelerating court-based enforcement matters.

Episode 54: The future of financial services

Episode 54: The future of financial services

July 31, 2019

In this episode with the Chair and CEO of the Ontario Securities Commission, Maureen Jensen and ASIC Executive Director (Markets) Greg Yanco explore digitisation, changing consumer expectations, disruptive business models, innovation and the future of financial services.

Episode 53: Creating Shared Value

Episode 53: Creating Shared Value

July 25, 2019

In this episode with Peter Yates, Chairman of the Shared Value Project and Deputy Chairman of AIA Australia, ASIC’s Laura Higgins (Senior Executive Leader, Financial Capability) explores how the concept of shared value challenges companies to realign the interest of business and society by redefining their purpose so that generating economic value also produces value for society.

Episode 52: The regulatory toolkit

Episode 52: The regulatory toolkit

July 11, 2019

In this episode with the Assistant Managing Director (Capital Markets) of the Monetary Authority of Singapore, Lee Boon Ngiap, we explore how regulators deploy their tools to detect, combat and deter misconduct in the financial system.

Episode 51: ASIC’s case against former financial adviser James Gibbs

Episode 51: ASIC’s case against former financial adviser James Gibbs

July 10, 2019

On 10 July 2019, ASIC’s case against James Gibbs came to a close and he was sentenced to 10 years imprisonment, with a non-parole period of seven years to serve.

James Gibbs stole $4.88 million from his clients when he was acting as their financial adviser. His clients trusted him with their savings, with their money to be used for their retirements, and he devastatingly broke that trust by using that money for his own purposes.

In this episode, we hear from Dallas, one of Mr Gibbs' victims who helped build ASIC's case, as well as ASIC investigator, Chris Rowe.

Read ASIC media release's for more information: 19-179MR Former Adelaide financial adviser sentenced to 10 years imprisonment